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Apartment house in the center of Vienna with a 0,8% yield

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Apartment house in the center of Vienna with a 0,8% yield

15,500,000 €
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Total area: 2,617 m² Yield: 0.8%
  • Absolute return: 127,166 €
  • Renter: 71%

It is an apartment house in the very center of Vienna.

Description

The building area is 2,617 m².

71% of spaces are leased out.

Financial performance

Absolute income is 127,166 €.

THe current yield of 0,8%

Location

The first district is the cultural center of Vienna and its historic core. Until the second half of the XIX century this area was a city under the walls. All other areas were formerly suburbs.

City Hall, St. Stephen's Cathedral, the Burgtheater, the Ringstrasse are the main places of tourist attraction. Foreigners like the Inner City not only because of history, but also for shopping in the Golden Quarter (Goldenes Quartier), where shops of international designers are situated. Vienna's historic center was included in the UNESCO World Heritage List in 2001.

There are a lot of luxury real estate in the district. It is often bought by the citizens of Germany, Russia and Switzerland. Prices per square meter in the Inner City ranging between 8–15 thousand of Euros, but can reach even 25 thousand Euros in the most exclusive locations.

Additional information is available after signing a NDA.

Purchase costs regulated by law

  • Transfer tax 3.5 %
  • Agent commission 3.6 %(incl. VAT), for buy-to-let investors 3 %
  • Registration fee 1.1 %
  • Legal fees 1.2–2.4% (incl. VAT), for buy-to-let investors 1–2 %

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Natalya Latikova
Natalya Latikova
Real Estate Expert Tranio in Vienna
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